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Record Oil Production Doesn’t Free U.S. From Global Market

Record Oil Production Doesn’t Free U.S. From Global Market In the first week of July, U.S. net imports of petroleum products fell to just 1.670 million barrels per day (mb/d), the lowest weekly total on record in at least three decades. The decline of net imports comes as the U.S. has ramped up oil production […]

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Tight oil boom can explain only part of drop in US oil product imports

Tight oil boom can explain only part of drop in US oil product imports We continue to look at what impact US tight oil has on global oil markets, in this post the reduction of US petroleum product imports. This analysis shows that only around one quarter of a drop of 1.7 mb/d since 2005/06 […]

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US oil dependency on Middle East has hardly changed since 2007

US oil dependency on Middle East has hardly changed since 2007. This is part 2 of a series of articles on how US tight oil has impacted on oil markets The following graph shows US petroleum imports from OPEC countries starting in 1960. This includes both crude oil and petroleum products. Fig 1: US crude […]

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Olduvai IV: Courage
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